mikeh
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Post by mikeh on Jan 29, 2016 16:16:12 GMT
Indeed. I think MT's maximum feasible loan has just gone up quite a bit.
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Post by Deleted on Jan 29, 2016 16:16:27 GMT
I joined MT a few months ago but haven't invested until today.
As SS has been slow this month I made a late decision to give it a try. Did a money transfer early this afternoon and was fearing it might not get credited in time but the funds were credited to my account in minutes (very impressive) and logging on at 4pm I was able to invest in this loan.
My first experience of investing through MT and very impressed so think I will be looking to get into a few more MT loans over the coming months.
I assume interest is credited to accounts at the end of each calendar month as per SS, i.e. will there be 2 or 3 days interest on this one at end of January?
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Post by MoneyThing on Jan 29, 2016 16:18:09 GMT
Indeed. I think MT's maximum feasible loan has just gone up quite a bit. Granted, however for the moment our float hasn't. The good news is that the float will be increasing shortly (and therefore our potential max loan size). Regards, Ed.
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SteveT
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Post by SteveT on Jan 29, 2016 16:24:17 GMT
I assume interest is credited to accounts at the end of each calendar month as per SS, i.e. will there be 2 or 3 days interest on this one at end of January? Interest on each loan is paid on the monthly anniversary of that loan, so you get bits and bobs through the month.
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SteveT
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Post by SteveT on Jan 29, 2016 16:25:31 GMT
Indeed. I think MT's maximum feasible loan has just gone up quite a bit. Granted, however for the moment our float hasn't. The good news is that the float will be increasing shortly (and therefore our potential max loan size). Regards, Ed. The chickens have mortgaged the coop then?!
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Post by MoneyThing on Jan 29, 2016 16:26:36 GMT
I joined MT a few months ago but haven't invested until today. As SS has been slow this month I made a late decision to give it a try. Did a money transfer early this afternoon and was fearing it might not get credited in time but the funds were credited to my account in minutes (very impressive) and logging on at 4pm I was able to invest in this loan. My first experience of investing through MT and very impressed so think I will be looking to get into a few more MT loans over the coming months. I assume interest is credited to accounts at the end of each calendar month as per SS, i.e. will there be 2 or 3 days interest on this one at end of January? Afternoon fastfox, Thank you for your comments - appreciated. Regarding your question. We credit accounts on the monthly anniversary of each loan's start date. This means that in fact we are crediting interest daily since the various live loans fall on different days of the month. Kind regards, Ed
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Post by MoneyThing on Jan 29, 2016 16:28:53 GMT
Granted, however for the moment our float hasn't. The good news is that the float will be increasing shortly (and therefore our potential max loan size). Regards, Ed. The chickens have mortgaged the coop then?! (I was trying to think of a witty response but couldn't come up with anything so just clicked the 'like' button!)
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Post by MoneyThing on Jan 29, 2016 16:30:02 GMT
I assume interest is credited to accounts at the end of each calendar month as per SS, i.e. will there be 2 or 3 days interest on this one at end of January? Interest on each loan is paid on the monthly anniversary of that loan, so you get bits and bobs through the month. [Note to self: Must remember to wait a few minutes before posting an answer because stevet will likely do it for me!]
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SteveT
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Post by SteveT on Jan 29, 2016 16:30:30 GMT
The chickens have mortgaged the coop then?! (I was trying to think of a witty response but couldn't come up with anything so just clicked the 'like' button!) I'm kicking myself I didn't suggest it was seedcorn capital !
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Post by Deleted on Jan 29, 2016 16:32:28 GMT
Many thanks to SteveT and MT for answering my question so quickly - that's saved me reading through everything today. Excellent.
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paulg
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Post by paulg on Jan 29, 2016 16:35:09 GMT
(I was trying to think of a witty response but couldn't come up with anything so just clicked the 'like' button!) I'm kicking myself I didn't suggest it was seedcorn capital ! There must be a joke in there somewhere about current float size and chickenfeed
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pom
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Post by pom on Jan 29, 2016 16:38:52 GMT
Interest on each loan is paid on the monthly anniversary of that loan, so you get bits and bobs through the month. [Note to self: Must remember to wait a few minutes before posting an answer because stevet will likely do it for me!] Maybe he needs to be an honorary Thing...he's got the T anyway
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Post by MoneyThing on Jan 29, 2016 16:47:27 GMT
Having increased the hosting hardware following last weeks slight slowdown - did anyone this time notice any slowness?
[£263,000 was bid by 121 investors within the 1st 60 seconds]
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caesium
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Post by caesium on Jan 29, 2016 16:49:20 GMT
Much improved for me this time round.
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paulg
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Post by paulg on Jan 29, 2016 16:50:59 GMT
[Note to self: Must remember to wait a few minutes before posting an answer because stevet will likely do it for me!] Maybe he needs to be an honorary Thing...he's got the T anyway If that happens I'll have to re-write "The Walrus and the Carpenter". SteveT do you fancy being the Walrus?
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